More than 200 results for “hotels”
Finance N Illinois

JLL arranges $61M financing for new Hyatt House hotel in Chicago

JLL arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago’s Fulton Market District. JLL worked on behalf of the borrower, a partnership between Sterling Bay and Wheelock Street Capital, to place the five-year, floating-rate loan with Argentic Real Estate Investments LLC. Loan procee…

Hospitality N Illinois

CBRE brokers sale of downstate hotel property

CBRE facilitated the sale of a 55-room Quality Inn hotel at 134 Barnett Avenue in Forsyth, Illinois. Located near Decatur, the property is across the street from Hickory Pointe Mall, just north of I-72 off of Route 51, and includes amenities such as a heated indoor pool, fitness center and a business center.

CRE N Illinois

This is not a drill: Managing risk for acts of violence on your property

| Chris Dunlap and Issac Monson

As active shooter and other workplace violent events continue to occur, more victims and their families are looking to the facility owner/operator where the shooting took place to assume responsibility. They claim the owner/operator could have been more proactive in prevention, and therefore, is liable for the violence that took place on th…

Hospitality N Illinois

Leslie Danford named new regional head, Midwest of hotel startup

OYO Hotels & Homes, a fast-growing hotel startup, has appointed Leslie Danford as its Midwest regional head. Based in Chicago, Danford brings more than 12 years of experience to OYO and she will be focused on building and strengthening the firm’s operations across 10 states: Nebraska, Kansas, Missouri, Iowa, Minnesota, Wisconsin, Illinois, …

Hospitality N Illinois

Arlington Heights hotel sells for $7.5 million

Marcus & Millichap closed the sale of Comfort Inn, a 125-room hospitality property located at 2120 S. Arlington Heights Road in Arlington Heights, Illinois. The 125-room, three-story, upper midscale, concrete block hotel—featuring elevator service, a business center, fitness center, dry cleaning services and meeting rooms—sold for $7,500,000.

CRE N Illinois

For the first half of 2019, cap rates remained stable

| Matt Baker

Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of 2019. In Chicago, two sectors have a favorable outlook as they came in below the national average.